EMS0919

Do you understand the different terms used in accounting?

For example: Assets, Liability and Owner's Equity.

• Yes

• No

Have you completed your lesson on source documents?

• Yes

• No

Have you completed your lesson on the Accounting Equation?

• Yes

• No

Have you completed your lessons on the Cash Receipts Journal?

• Yes

• No

What is the accounting equation?

• A = OE + L

• A = OE - L

• OE = A + L